diff --git a/backend/src/graphql/resolver/BalanceResolver.ts b/backend/src/graphql/resolver/BalanceResolver.ts
index 672e07b12..f5a9f6371 100644
--- a/backend/src/graphql/resolver/BalanceResolver.ts
+++ b/backend/src/graphql/resolver/BalanceResolver.ts
@@ -59,14 +59,17 @@ export class BalanceResolver {
       ? { sumHoldAvailableAmount: context.sumHoldAvailableAmount }
       : await transactionLinkRepository.summary(user.id, now)
 
+    // The decay is always calculated on the last booked transaction
     const calculatedDecay = calculateDecay(
-      lastTransaction.balance.minus(sumHoldAvailableAmount.toString()),
+      lastTransaction.balance,
       lastTransaction.balanceDate,
       now,
     )
 
     return new Balance({
-      balance: calculatedDecay.balance.toDecimalPlaces(2, Decimal.ROUND_DOWN), // round towards zero
+      balance: calculatedDecay.balance
+        .minus(sumHoldAvailableAmount.toString())
+        .toDecimalPlaces(2, Decimal.ROUND_DOWN), // round towards zero
       decay: calculatedDecay.decay.toDecimalPlaces(2, Decimal.ROUND_FLOOR), // round towards - infinity
       lastBookedBalance: lastTransaction.balance.toDecimalPlaces(2, Decimal.ROUND_DOWN),
       balanceGDT,